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FOX News
Dec 30, 2012 1:00pm PST
. >> arthel: mixed messages on fiscal cliff, next today. republican senator lindsay graham expressing optimism on deal and president obama is calling out lawmakers for rejecting offers for last month. >> what do you think the chances of a small deal in the less 48 hours to avoid the cliff? >> exceedingly good. i think what have we accomplished, a political vick for the president. the president has stood his ground. he is going to get tax rate increases but upper income americans and sad news for the country we have accomplished very little of not becoming greece. this won't affect the debt situation. it will be a political victory for the president and i hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe in. but hats off to the president. >> we have been talking to the republicans since the election has been over. they have had trouble to say yes to a number of repeated offers. >> so what kind of deal if any can we expect before the clock runs out? joining us for a fair balanced debate, tony is here, national political corre
FOX News
Dec 30, 2012 8:00am PST
the fiscal cliff in the next two days? have you that $16 trillion staring us in the face? >> eric, let's look for a silver lining in this fiscal cliff discussion. i think what we are hearing from the american public, loud and clear is that they don't want to pay any more taxes. they don't want to pay for the government they are getting that. leaves two choices. number 1, we continue to borrow money or reduce spending. we won't have the option to borrow forever. so we have to reduce spending. if the american people will get as fired up about reducing spending, we might have a chance to fix that. clearly, that message hasn't gotten through to the white house and to the senate. it is heard loud and clear in the house, but we control just the house. >> eric: how do you get that message across and the american people say, instead of dealing with the tacks going up -- trying to deal with the other side of this issue? >> we continue to have the debate. that's what this is about. that's why we are on television and why we do what we do in the house, to try to draw attention to the fact that we have a
FOX News
Dec 29, 2012 1:00pm PST
they do something or not the next day after the fiscal cliff there is going to be a bill in congress to lower tax rates after all the tax rates expire below $250,000. maybe at this point it looks like the big win that the republicans might get, if you want to call it that, is extending that slightly upwards to $400,000 or $500,000. this is bare bones deal. we're not solving our fiscal approximate and not discussing it. this is going to be fought another day, perhaps in a month with the debt ceiling. >> gregg: "wall street journal" probably had in an op-ed today the best line of the week. we'll put it up on the screen. the fiscal cliff melodrama is bad cabling reality show, real housewives of new jersey without the seven siartd without though not without the plastic surgery. they are phony and the "wall street journal" is basically arguing here the politicians are just like them. they are actors, pretending to do something meaningful about crisis of their own creation and none of them seems terribly sincere about doing something fundamental in $16.4 trillion. fair point? >> but the re
FOX News
Dec 29, 2012 3:00pm PST
next. we'll have much more on the fiscal cliff talks as they continue. also much more on the status of president george h.w. bush. >> kelly: we're glad he is doing better and out of intensive care. we'll continue to follow his story and make sure he's doing well. we'll have that and more. >> heather: anna kooiman live in times square as we prepare for, as we were talking about, new year's eve. harris faulkner up next. see you ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes!
FOX News
Dec 30, 2012 9:00am PST
-- whatever's going to happen with the fiscal cliff, you know in the next three or four years, we will have five or six more showdowns. so that will beleaguer the president. he needs to do break-out things in foreign affair, improving relations between the united states and china. trading relationships that are more favorable to the u.s. he may raise the specter of climate issue. it is not a good one when you are running for office. but it may look good in history, 50 years from now. trying to, you know, post sandy, how do you get your hand on working on this problem in a global way? i think you will see him use executive orders more and more. i doubt you will get the outstanding legislative second-term agend a. there is too much gridlock. he wants to get obamacare if place. he cannot afford in history to have that thwarted, his signature domestic achievement. >> shannon: we can't read their minds, how much does the legacy impact the presidents in their second term? >> gigantic. they all read presidential biographies, that's a hobby. they start to imagine how people are going to look at the
FOX News
Dec 30, 2012 7:00am PST
and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defense department in the head and send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration we will destroy the biggest military in the world at the time we need it most.
FOX News
Dec 29, 2012 9:00am PST
b back fire in the final hours before america goes over the fiscal cliff. they are trying to craft a plan c. america's news headquarters live from the nowy nation's capitol starts now. >> hello everyone. we are down to the wire and an impatient president obama is leaning on top lawmakers to cut a deal. senate leaders are rushing to hammer out a last ditch compromise. mike emmanuel is live with the latest on the negotiations. >> hi, molly it is it eye critical window. we are not expecting an announcement today, but they are trying to carve out a deal capable of winning bipartisan support. president obama said the u.s. can't afford a self inflicted wound to our economy. >> fortunate lie congress can prevent it from happening if they act right now. i had a good and constructive discussion with senate and house leadership about preventing the tax hike on the middle class and we should be able to reach an agreement to pass both house necessary time. >> senate leaders can't strike a deal. it would be a plan c. keeping tax cuts for those making $250,000 or less . extending unemployment be
FOX News
Dec 29, 2012 10:00am PST
years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors will then be dealing with a certain degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the increased taxes on the average individual come from simply the roll off of that fica tax break we received the last two years, so, you know, the tax increases inasmuch as yo
FOX News
Dec 25, 2012 7:00am PST
the next week because we have that much time left and that's it over negotiations to avoid the fiscal cliff. what happens to your bottom line if we go over it? let's take a look at the possibility fallout on wall street, your taxes, your retirement plan, your wallet. excuse me. joining me now, i get all choked up, jordan goodman, financial advisor, author of, fast profits in hard times. that's where we are. >> you bet. jamie: jordan, well-come. let me bottom line is soft landing in january best we hope for at this point? >> i think we're going over fiscal cliff. that is why the markets anticipating that. soft landing temporary compromise is the best we can hope for. the worst we can hope for, probably get is a hard landing, where they don't have any agreement and all the huge taxes, $536 billion in tax increases, $110 billion in spending cuts happen pretty much all at once in january. jamie: for folks who are not professional investors but have their retirement account and hoping it will grow, when you see a selloff at the end of the year, what does that mean? people are getting their money
Search Results 0 to 8 of about 9